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this post was submitted on 31 Oct 2023
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The amount realtors get paid to the amount of work they do is crazy. Mine spent like 10 hours showing homes, maybe 2-3 hours on the phone, and then the rest was handled by an admin for handling paperwork and DocuSign. For like 15-20 hours of work she got paid almost $50K.
I’m not saying they are paid perfectly fairly, but the good realtors do a SHITLOAD of work that you aren’t seeing. This argument is no different than “why do we pay IT guys so much”. It’s not because it takes me 3minutes to reboot the computer, it’s because I have years of experience that leads me to that decision quickly. You also sound like an extremely easy client.
And 50k? At a 4/3 which is pretty typical for a buyers agent (at least in my neck of the woods) you bought a 1.5mil house?
Yup, my wife is a realtor. She works her ass off and in our tourism-driven town, it's feast or famine. Locally the split is 3/3, though the majority of the houses around here are around half a mil. She is constantly keeping an eye out for properties to show her clients, following up on leads, cold calling, and processing escrows. It certainly isn't work 2 hours a day and make 6 figures.
There are definitely plenty of agents out there that are dishonest and churners, but not every one is like that. Deals fall out of escrow all the time for trivial shit, be it things come up on home inspections, or finances fall apart. An agent can herd a deal almost to the close of escrow, only to have it fall out for something silly, and then they don't get paid for any of it. It's huge to note that agents do not get paid any form of salary, it's all commission from sales that close. And any good agent will make sure that the house you're buying is right for you and defend from shady buyers/sellers and their agents on the other side of the deal. Realtors definitely provide a valuable service, though there sure are dodgy ones.
My comrad in crisis, that is how much SFHs in most of the desirable places in my country cost. At least.
Bullshit. Show me some evidence. I've worked with them, never even seen a opportunity for them to work hard.